Industry News

Added: September 10, 2019, 7:38 am
The U.S. judge overseeing nationwide litigation concerning the opioid crisis on Monday rejected Purdue Pharma LP’s effort to dismiss claims that its activities caused a public nuisance. U.S. District Judge Dan Polster in Cleveland said a reasonable jury could conclude …
Added: September 10, 2019, 7:33 am
Insured losses in the Caribbean from Hurricane Dorian is estimated at $3.5 billion to $6.5 billion, according to RMS, the risk modeling and analytics firm. This estimate represents insured losses associated with wind and storm surge damage across the Caribbean …
Added: September 10, 2019, 7:26 am
As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the current market that run in the billions …
Added: September 10, 2019, 7:14 am
Severe, mysterious lung illnesses that have struck more than 200 people around the country may be tied to an ingredient in cannabis-containing vapor products, said the New York State Department of Health. New York and other states, as well as …
Added: September 10, 2019, 7:13 am
Tesla Inc.’s use of individual customer data, such as vehicle camera footage and GPS, to price its new insurance products will depend on drivers’ authorization and individual U.S. state laws, a senior company executive said on Wednesday. “The data is …
Added: September 5, 2019, 12:36 pm
Oberlin College is seeking a new trial after being ordered to pay $25 million to the owners of a market who accused the Ohio school of ruining their business by encouraging protests and branding them racists after a shoplifting incident …
Added: September 5, 2019, 12:33 pm
Medical payments in California’s workers’ compensation system continued to decline in 2018 as the medical payments per claim decreased, according to a report from the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its California Workers’ Compensation Aggregate …
Added: September 5, 2019, 12:29 pm
Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the Caribbean Catastrophe Risk Insurance Facility, was …
Added: September 5, 2019, 12:23 pm
The state of Iowa and a group of doctors at University Hospitals and Clinics in Iowa City will pay a Fairfield woman $2.5 million after she lost both legs to amputation and became paralyzed after what she claimed was a …
Added: September 5, 2019, 12:18 pm
Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk modeling firm Karen Clark & Company (KCC). This includes building, contents, and business interruption exposures for commercial, residential and industrial …

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